Will Car Prices Drop In 2026

Will Car Prices Drop In 2026 – The 2026 genesis gv70's price rises by up to $3235. Used car prices have been on a downward trend until recent weeks. The main reason for this is the steady decline in ev prices during the past two years, which is expected to continue going forward. Prices dropped 20% in 1 year.

Car shoppers could be in for a smoother ride in 2025—especially if they. From december 2024 to january 2025, the average transaction price of new vehicles fell 2.2% to $48,641, according to analytics company cox automotive and kelley blue book. Dealers typically discount new car prices. Throughout 2024, used car prices have been impacted heavily by outstanding new car incentives.more buyers were shopping new car deals, which in turn softened demand for used cars.

Will Car Prices Drop In 2026

New car prices dip kelley blue book data shows average transaction prices were $48,641 in january. The average used vehicle cost a more modest $24,402. Used car prices have likely peaked, but new car prices are expected to remain high.

Incentives to attract shoppers to new vehicles fell to 7.2%, or about $3,486. Now, prices are stabilizing at both wholesale and retail car markets. Used car prices are unlikely to fall because dealers will have a hard time bringing in more of them until 2026, cox said.

The Used Car Squeeze Why Shoppers Will Face Higher Prices and Fewer Options in 2025